October 4, 2019
CalPERS Votes Against 53% of Pay Plans!
– Broc Romanek
This blog by Jim McRitchie is mindblowing! Here’s a summary:
CalPERS, the largest U.S. pension fund which manages more than $380 billion in assets, has already started implementing its new compensation framework. In an effort to drive more accountability and improved pay for performance alignment, CalPERS reports voting against 53% of compensation plans at portfolio companies during the 2019 proxy season. That is up from 43% last year.